Wendy Silverstein has served as a director since July 2017. Ms. Silverstein is currently President
and Chief Executive Officer of New York REIT, Inc. (NYSE: NYRT) (“NYRT”). As Chief
Executive Officer of NYRT, Ms. Silverstein is leading the winding up and liquidation
of NYRT pursuant to a stockholder approved plan of liquidation. Previously, Ms.
Silverstein served as Executive Vice President and Co-Head of Acquisitions and Capital
Markets for Vornado Realty Trust (NYSE: VNO) (“Vornado”), an owner of commercial
real estate in the United States, from 1998 to 2015. During her tenure at Vornado,
Ms. Silverstein oversaw Vornado’s debt and equity financings and was responsible
for a variety of real estate as well as corporate acquisitions. Ms. Silverstein
was a member of the Investment Committee for Vornado’s private equity fund, Vornado
Capital Partners, L.P. On behalf of Vornado, she has served on the Board of Directors
of Toys R Us, Inc. since its leveraged buyout in 2005 and previously served on the
Board of LNR Property, LLC, a loan special servicer. Prior to joining Vornado in
1998, Ms. Silverstein spent 12 years at Citicorp. From 1990 to 1998, she was with
Citicorp Real Estate in the Corporate Debt Restructuring Group, which she headed
from 1994 to 1998. During this time, she led the negotiation and restructuring of
debt and equity transactions involving companies in the airline, hospitality, retail,
office and residential real estate industries. She served on the Board of Directors
of Shuttle, Inc. (d/b/a US Air Shuttle) from 1992 to 1997 and Alexander’s, Inc.
(NYSE: ALX) from 1992 to 1995. From 1986 to 1990, she was with the Leveraged Capital
Group at Citibank, N.A., providing sponsor financing for leveraged buyouts. Ms.
Silverstein currently serves on the boards of Toys R Us, Inc., Alexander’s, Inc.
and NYRT. Ms. Silverstein has served as an independent advisor to Trinity Church
regarding their real estate portfolio and is an active member of the Board of Beit
Ruth, an educational and therapeutic village for at risk teenage girls in Israel.
Ms. Silverstein earned her B.S. in Economics, magna cum laude, and an M.B.A. with
distinction from The Wharton Graduate School of Business Administration. She is
also a Certified Public Accountant. Ms. Silverstein’s management experience with
multiple REITs, deep knowledge and relationships in the real estate sector and extensive
capital markets experience lead to our conclusion that Ms. Silverstein should serve
on our board of directors.